Skip to main content

About your Search

20100225
20100225
STATION
CNBC 8
CSPAN 4
WETA 4
WBAL (NBC) 3
WBFF (FOX) 3
HLN 2
MSNBC 2
WMAR (ABC) 2
WMPT (PBS) 2
WRC (NBC) 2
CNN 1
CSPAN2 1
WJZ (CBS) 1
WTTG 1
LANGUAGE
English 42
Search Results 0 to 41 of about 42 (some duplicates have been removed)
for an extended period. >> tom: but ben bernanke tells lawmakers he's moving ahead with plans to pull some of the rescue programs put in place during the financial crisis. you're watching "nightly business report" for wednesday, february 24. this is "nightly business report" with susie gharib and tom hudson. "nightly business report" is made possible by: this program was made possible by contributions to your pbs station from viewers like you. thank you. >> susie: good evening, everyone. your interest rates won't be going up for a little while longer. federal reserve chairman ben bernanke told congress today he does not plan to raise rates anytime soon. >> tom: susie, those were magical words for investors. stocks rallied with the dow gaining 91 points. >> susie: tom, bernanke also told lawmakers about the fed's plans to wind down the emergency lending programs put in place during the financial crisis. darren gersh has details, and how the transition back to normal could impact you. >> reporter: when you've pumped more than a trillion dollars into the financial system, as the federal reser
. >> in the united states, the spotlight shines today, ben bernanke is back on the hill and president obama's high profile health care summit. >> hello there. a warm welcome to "worldwide exchange." it's chloe cho in asia where it's just past 5:00 p.m. in singapore. a similar scene that we saw as yesterday, of course, investors picking up on bernanke's comments. going forward, could be weak. of course, we had some weak housing numbers, as well, along with disappointing consumer confidence this week. take a look at the damage report. the yen is not helping. nor are the toyota woes. the hang seng, slightly off the shanghai composite. we did have the auction yield on three-month bills along with one-year bills earlier this week that left those yields unchanged. a lot of investors seem to be thinking that perhaps this could be a sign the pboc is taking it easy as far as tightening is concerned. as for the other markets, the kospi down 1.6%. the bombay sensex is pretty much right along the flat line and the aussie market lower by 1.2%, back below that key 4,600 level and take a look at the ftse cnbc gl
because of the greece situation, and also because fed chief ben bernanke is saying that they're going to look into the swaps specifically with goldman. so that is an issue, of course, as well. i want to bring in brian shactman who has been down here all day and tracking all of this action. a very big day, indeed, brian. let's talk about the economic situation and how the jobless claims are affecting this market. >> the truth is when americans woke up today, we will have a negative open because of europe. the concerns over greece, of course, made the euro softer and the dollar strengthen. we've had a real correlation with the dollar and the euro in eshgsz kitties and jobless claims hit and it was muted and boom, we bottomed out and they were a concern today and we have traders saying this is a 70% greece and the others is saying 100% about jobs. a lot of earnings and there's a big, big deal that we want to talk about today as well. >> coca-cola enterprises. this had been to some extent, somewhat expected within the m&a community. when you see a deal like this a multibillion deal, one w
. >> the second day of testimony will come from fed chair ben bernanke. >> there's more testimony coming out on toyota today, and news from general motors shutting down it's hummer production. >> in our trader talk, we are joined now with richard ilczyszyn. i have to mention that yesterday, it seemed like every time ben bernanke opened his mouth, the markets rallied a little bit more. >> agreed. that's a good point. let's start at the beginning part of the day. the s&p currently at that time was trading at 1090's. we get a housing number that shocks the system, the worst in recent history here for this specific months, the market sells off. then bernanke's testimony, the market gains momentum on statements that we have to keep interest rates low, giving the technical buyers help in their trade. the s&p yesterday trading above 1100 gives us a little bit of breath. i don't think this is going to be a tear on a bull run here unless we can close above the previous high, 1112, well above the 50-day moving average. i think the jury is still out whether or not this is going to be enough information
. >> but they will be -- >> who will they be? >> ben bernanke. >> okay. senate banking committee. president holds a key health care meeting. that's why we have the white house. what else? >> snow in the northeast. it started as rain this morning for many this morning who are watching but it has turned into thick -- >> wet, heavy. >> idyllic if you're looking to -- >> don't shovel this stuff. >> well, good morning, everyone. it's good to be with you. we're here, glad you're here. i'm erin burnett. >> i'm mark haines. >> it says i'm market haines. i want everyone to know it's funny. >> yes, i noticed that. also front and center the number of u.s. workers filing initial claims for unemployment benefits rose unexpectedly last week. >> coca-cola striking a deal to buy the north american operations of its largest bottler. you just saw the ceo there. >> heinz posted $231 million profit. a lot of ketchup. >> futures are sad. >> not good. >> part of the reason for the sadness was an unexpected jump in unemployment claims. >> hum. >> much bigger jump than anticipated. a lot of people are looking through it and saying i
investigation. and fed chairman ben bernanke told lawmakers at a senate banking hearing today that he's reviewing goldman's derivative swaps with greece. >> obviously, using these instruments in a way that intentionally destabilizes a company or a country is... is counterproductive, and i'm sure the s.e.c will be looking into that. we'll certainly be evaluating what we can learn from the activities of the holding companies that we supervise here in the u.s. >> susie: at that same hearing today, bernanke repeated the same message he told house lawmakers yesterday-- he does not plan to raise interest rates anytime soon. so, if interest rates remain at historically low levels for many more months, what does that mean for stock investors? suzanne pratt asked some market pros for their opinion on that topic. >> reporter: when federal reserve chairman ben bernanke talks, wall street always pays close attention. that's because there's an inverse relationship between fed policy and stock prices. tighter money usually means stocks move lower, while easy money generally equals higher stock pric
, fed chairman ben bernanke has returned to capitol hill this morning. and investors are looking for more clues on the central bank's next move. and the markets at this hour have u.s. equity futures under a bit of pressure after yesterday's rebound as "squawk box" begins right now. >> welcome to "squawk box" right here on cnbc. i'm becky quick along with joe kernen at the cnbc world headquarters. carl is in washington this morning where president obama is hosting a televised health care summit. we'll have more from carl on that story. but joe, that's not the only news in washington today. >> no, it's not. we may pipe in that music with carl down there and he'll be looking good. he'll have his jacket on. >> he always looks good. >> yes, he does. also in washington, carl is there, but also this other guys that's going to show up. that's not really what all the scuttlebutt is going to be about down there. it's about carl. but ben bernanke will come back and testify on the hill today. yesterday he pledged to continue record low interest rates for, in his words, an extended period. >>
the carfax!" it's free at thousands of reputable dealers. >>> federal reserve chairman ben bernanke will be back on capitol hill today, for day two of his twice-a-year economic report card. on wednesday he made it clear that interest rates will remain at record low levels for several more months to support the recovery. the latest housing numbers show just how fragile that recovery is. new home sales fell to the lowest level on regard in january. >>> new concerns about greece's debt crisis are overshadowing bernanke's comments this morning. stocks fell in torque owe with the nikkei dropping almost 1% today. bernanke's testimony gave wall street a boost yesterday. the dow finished up 91 points closing at 10,374. the nasdaq gained 22 points to close at 2235. >>> chrysler is voluntarily recalling more than 350,000 minivans because of problems with crash sensors that control the air bags. the company says it will replace the sensors in 2005 and 2006 town and country and dodge caravans. but chrysler says it should wait until june to contact dealers because it needs time to distribute the
. >> sreenivasan: wall street racked up gains today after the federal reserve chairman, ben bernanke, said interest rates need to stay low. the dow jones industrial average gained more than 91 points to close at 10,374. the nasdaq rose 22 points to close near 2,236. public and private sector workers walked off the job across greece today. it was the second 24-hour strike in the last two weeks aimed at a government austerity plan. demonstrators clashed with police in athens, after a peaceful march had ended. they were protesting plans to cut government spending because of a debt crisis. greece has announced wage freezes, bonus cuts and pension reform over the last month to save almost $7 billion. the u.s. house has stepped up the pressure on health insurance companies. it came a day before the president's bi-partisan summit on health care reform. health correspondent betty ann bowser has the story. >> this meeting will come to order. >> reporter: the target at a house hearing today was wellpoint-- the parent company of california's anthem blue cross. >> corporate executives at wellpoint are thriving
killian reporting from washington. >> testimony from said she's been bernanke kept stocks in the green yesterday -- fed chairman ben bernanke. >> good morning. ben bernanke testifies on capitol hill again this morning. today he goes before the senate banking committee. yesterday he told the house financial services committee that the economy is only at the beginning of the recovery. he says this requires the federal reserve to keep interest rates low to encourage demand by consumers and businesses. investors holding the global retreat and investors shrugged off distressing news from the housing market. sales of new homes plummeted last month to the lowest level on record. this is where we ended up. the three major u.s. indexes rose 1% yesterday. black and decker and t. rowe price and the bloomber -- led the bloomberg maryland index higher. costar says it will make more money this year than analysts predicted. toyota is not the only auto maker capturing the attention of wall street. general motors is going to shut down hummer. china said it would have flown in the face of the country's
. the economy still requires low interest rates. ben bernanke will speak to the senate committee later this morning. the president of toyota will stay put. some executives have resigned following the scandal of the recalls. akio toyoda is the only person that can save toyota. he said the as a personal commitment to restore the trust of customers. blockbuster is closing at least 500 doors. it is looking for ways to restructure almost $1 billion of debt. consumers are turning to netflix and red box. back to you. >> thanks. >> coming up, in the look at your morning commute with traffic and weather together. >> the hockey venue at the olympics turned into stars on ice. see if team usa stays in contention for its first gold medal hopes. we will show you ♪ hey bets, can i borrow a quarter? sure, still not dry? trng to shrink them. i lost weight and now some clothes are too big. how d you do it? simple stuff. eating right and i switched to whole grain. whole grain... [ female announcer ] pele who more whole grai tend to have a healthier body weight. multigrain cheerios has who gins and 110
up at a senate hearing today with fed chairman ben bernanke. >> we have a situation in which major financial institutions are amplifying a public crisis for what would appear to be for private gain. i want to ask you here whether or not you think there ought to be limits on the use of credit default swaps to prevent the intentional creation of runs against governments. do you have any quick comments on that? >> using these instruments in a way that intentionally destabilizes a company or a country is... is counterproductive, and i'm sure the sec will be looking into that. we'll certainly be evaluating what we can learn from the activities of the holding companies that we supervise here in the u.s. and joining me with the latest on all this is roben farzhad, senior writer for "bloomberg business week" magazine. in general terms first, what exactly is chairman bernanke promising to look into? >> this has for the better part of the decade been the great big unknown, this world of derivatives which are largely unregulated secondary investment vehicles. they're almost train of thought.
'll bring you the latest, ben bernanke, et cetera, okay, bears have had such an edge today. you've got to admit it, right? don't they? greece could be in trouble. germany's so tentative, spain's next, jobless claims are terrible. strong dollar. you can only imagine then with that parade of horribles, how hobbled the consumer is, can't be buying right? no wonder we're down so much. then all of a sudden the facts get in the way of the story. look, i want to be bearish in all this news. i want to join my buddies and pals, friends, yogi, boo-boo, baloo and smoky, but then we get coal saying things are getting better and not just because of the two shirts and buy two get one free purchase of kohl's brand socks, the house brand, i made this four weeks ago, can you tell the difference in that quarter was amazing. it's every bit as good as saks' and macy's. then autoparts makers saying auto sales are coming back strong. it is up moving better than $1. can you imagine how much market share ford must be taken as its format seemed darn good even on a snowy day and good old prindel, that's neutral
that the company is revamping its recall procedures. ben bernanke is telling the house committee that lower interest rates are still needed ho help the economi economy rec. home sales fell to a record low level, that is the 3rd state drop. hummer is a goner. general motors is discontinuing the brand. the deal to sell hummer to a chinese company is falling through. >>> carnival is saying that prices are going up as business picks up. that is business, i'm sandra smith. >>> coming up the president of a state school is reportedly
at worldfocus.org. >>> in this country federal reserve chairman ben bernanke said today he's looking into weather goldman sachs and other wall street firms may have helped push greece toward financial ruin. the issue is is the use of those credit default swaps, th serve as an insurance against risk and let the banks gamble that greece might default on its debt. ultimately they make it more expensive for greece to borrow money. greece's debt crisis played out on the streets as well. thousands took part in a protest yesterd yesterday. such a default would be among the first of the 16 country that is use the euro as currency. questions are being raised about how the situation was allowed to get so out of control in the first place. for more on that, we are joined once again by a senior writer for bloomberg business week. >> hi martin. >> this is a little confusing, let's try to follow along. there have been reports of several american financial service companies, how they helped greece mask how bad the financial situation was in that country. how did that work? >> on a day-to-day level,
with another day of testimony for fed chairman ben bernanke. he will be back on capitol hill today with the second part of his twice a comeer economic report card. on wednesday he made it clear that interest rates will remain at record low leferls for at least several more months to support the recovery. the latest housing numbers show how fragile the recovery is. new home sales fell in january. toyota has apologized for the company's recent safety lapses. they took full responsibility for the problems. and the auto maker announced it will offer free at home pickup of vehicles and provide free rental cars during repairs. chrysler is warning some mini van owners of a potential problem with crash sensors. the sensors in 2005 and six town & country and dodge kara vans can crack and fail. the gas guzzling brand hummer appears to be running on empty. general motors is shutting down the brand unless a last-minute buyer steps forward. gm said on wednesday that a deal to sell hummer fell through. the brand employees about 3,000 people in the u.s. movie theaters are bracing for a flood of 3
've got chairman bernanke before the committee i serve on up here. so i may be listening to the chairman bernanke but i'll tune in. >> greta: maybe tivo. thank you senator. tonight's run-down is jam-packed. in two minutes a congressman who called the summit a sham-wow infomercial. what does that mean? he's going to tell you. >> we never thought we would be saying this, but rush limbaugh got spanked live on his radio show. it is who spanked rush that will stun you maybe the most. it is weird. we have that tape coming up, back in two. for every investor. fidelity introduces one new low price. $7.95 for every online equity trade. you want more? now trade ishares etfs online for free. 25 leading choices. all commission-free. $7.95 trades and commission-free etfs. expect more and get it. only with fidelity. open an account today at fidelity.com. please carefully consider the etfs' investment objectives, risks, charges, and expenses before investing. contact fidelity for a prospectus containing this information. read it carefully. ♪ could open a ♪ whworld of wonder? ♪op... ♪ so sensory
that was reiterated by ben bernanke on capitol hill, people started buying stocks. our futures are down right now so this roller coaster ride looks like it will continue today. >> i'm assure you were watching prosecute akio toyoda testified before lawmaker on capitol hill. what did you make of tat testimony and his appearance there. >> i thought he was very sincere. i thought that he was very good to speak in english and not do the ## (voice of translator): later as best he could. i thought congress was very easy on him compared to the way they treated tim geithner and ben bernanke and some others here over the last few months. but by and large, i think the meat and potatoes was the day before. i think that was when we really got to the crux of the matter what we needed to do and what congress needed to do as a governing body in relation to the situation. i think yes, there was more of an opportunity for the president to speak to the american people, the president of toyota, that is, and he did that. >> thank you, chris. we'll see you tomorrow. and here at hem, just what you thought it was safe tou
. >>> meanwhile, federal reserve chairman ben bernanke on the hill today as well, responding to a news article that goldman sachs and other major investment banks were shorting the very greek debt that they were helping the country issue. senior economics reporter steve liesman now with that story. >> reporter: maria, thanks. fed chairman ben bernanke said that the fed is examining the actions of goldman sachs and other banks surrounding two issues. first, whether the bank helped sell debt that essentially allowed greece to disguise the true amount of its debt, and second, whether it was appropriate for them to be essentially shorting that debt through the derivatives known as credit default swaps. >> we are looking into a number of questions relating to goldman sachs and other companies and in their derivative's arrangements with greece, and on this issue as well. as you know credit default swaps are properly used as hedging instruments -- >> i agree. >> we, the s.e.c., of course, has been interested in this issue. obviously, using these instruments in a way that intentionally destabilizes a
talking about bernanke in how the suggestion that rates will stay low for a long time, it was a positive for this market. >> i think so. i think that you're seeing a lot of sloppiness in a market without a lot of conviction. for my money i think that the two buzz words are exit strategy for 2010 and the sovereign risk and we've seen the risk. the euro gets their own structural problems but i think that the chinese implementing their exit strategy in the beginning of this year has kind of set the tone. bernanke's going to stay liquid, he's going to stay accomodated for a good long time and that's a mixed message. the fed's really not going to tighten, not going to make things difficult for us and then again the credit and the economy still needs a little bit support. we kind of grind out 2010, i think that we end up higher on the year but it's going to be a tough road down. >> so, do we end higher overall, you say? >> i think so in the u.s. >> substantially higher? >> i think high single digits will probably be a reasonable expectations. >> and what would be the way given the various fact
assurances by the federal bank. ben bernanke offered an up beat report on the nation's recovery yesterday. he told congress interest rates will remain low to encourage borrow ing. the dow rose 91 points after dropping more than 100 the day before. >> we have no idea which way the economy is going. bernanke has no idea which way the economy is going. >>> officials in florida are collecting eyewitness accounts in yesterday's deadly attack at seaworld, orlando, where an experienced trainer was killed by a 12,000-pound whale. the 40-year-old victim was snatched from the platform as the audience looked on in horror. witnesses say the killer whale thrashed her back and forth and dragged her under water. it's the third time this killer whale has been involved in a human death. >> the third time. a killer whale kills three times. the officials say they're not going to put the whale down wha killer whales do. >>> time to go to willie geist looking at what's going on in vancouver. willie? >> reporter: that's a terrible story, mika. let's move on to the olympics here. the hockey was the big story yester
. musberger. >> that's where the sum is mitt will be taking place. for the second time today ben bernanke will come face to face with lawmakers who want his exit strategy from the drastic measures the fed took to keep the economy going. >> steve, what can you tell us about not annual what the fed chair said, but did he give a hint on where interest rates are headed? >> he did. he said what are considered on wall street, chuck, the magic words that the fed will remain exceptionally low for an extended period. that phrase has guided wall street's forecast for where the fed will be. it basically means the fed will not change policy for six months. you sat there, read the testimony. as soon as he said those words you knew they were safe. so the idea is the fed leading up to this had done some mechanical things that some in the market mistook for the beginning of tightening, but they were just what the fed called normalization. so the fed chairman needed to say that and he said it. what i think is because banking and regulatory reform is alive in the senate, if not the house -- remember, they
reserve chairman ben bernanke told a house committee today that he does not expect to raise record low interest rates anytime soon. he said the rates are needed to ensure the economic recovery continues. that was good for wall street. the dow gained 91 3/4. s&p 500 picked up 10 2/3. the nasdaq finished ahead 22 1/2. not so good news sales of new home plunged to the lowest level on records. going back nearly half a century. sales dropped 11.2% in jang. the top man at toyota said the auto maker which recalled 8 million vehicles recently has been too successful for its own good. senior correspondent brian wilson reports how the explanation and apology played on capitol hill. >> reporter: though toyota is facing criminal and civil investigations, the grandson of the man who founded the company, akio toyoda, appeared today on capitol hill to answer questions and to say he's sorry. >> i regret that this as a result is a safety issue described in the recall he face today. and i'm deeply sorry for any accident that toyota drivers have experienced. >> reporter: toyoda said he feared the company
ben bernanke says he is keeping his eye on goldm mman satches and other firms make -- goldman sachs and other firms that are looking line creasingly they might default on debt. the recent bad weather may have short-term but not long-term impact on unemployment. the jobless claims shoot up by 22 thousand last week. it didn't set well on wall street. orders to u.s. factories for big ticket items shot up in january by 3%. most of that were for commercial aircraft. we told you of incidents where the obama administration has given no-bid contract with firms to ties to democrat. tonight in fox include exclusive, correspondent james rosen has a similar account on what could be life and death in post-9/11 era. >> from the terror of the anthrax attacks born an initiative president bush called project bioshield. >> the budget will have $6 million to make available effective vaccine and treatment. >> since then, handful of biodefense firms using lobbyists and the competitive bidding conferentract had huge awards. the department of health and human services announced its intention to steer with
obstacles to a strong, sustained economic recovery. >>> fed chairman ben bernanke was back on for day 2 of the state economy. he reaffirmed the fed's plan to help keep the interest rates low. >>> the european interest said that the 16 countries that use euro fell this month. concern will spread to other european countries. also put pressure on stocks globally. and another impact on auto recall. the owner of chrysler is asking more than 365,000 of its minivans to take them to dealers to replace crash sensors that help them control the air bag. chrysler warns the sensors can fail in 2005 and 2006 models. for more, you can head to cbs money watch.com. in new york, i'm alexis christoforous. >>> from storage to centerpiece. a dutch museum finds a masterpiece hidden away. >> they have just discovered that this paint suggest an authentic work of van gogh. it was an anonymous work of art. no one knew this van gogh painting existed as it was never referenced in any of the famous painter's letters. >> where is that van gogh that i had that i couldn't find. i need to call them about it. >> hi, thi
this demand in the seven-year gives me -- >> the significance of ben bernanke talking about, one, the potential financial instability with the large current account surplus that china has to the u.s., he talked about financial instability. >> also talked about goldman and greece and they're looking into what goldman and other banks in "the new york times" reported to have done relative to greece, take the other side of the trade. first they put them into sovereign debt and then took the or side of the trade. let's hear what the fed chairman had to say about this. >> well, very serious challenges there involving not only fiscal issues but competitiveness issues because of the single exchange rate. but you know, we have talked to the european union leaders. they are obviously very focused on getting the problem solved. >> that's the wrong bite. he said they're looking into this. >> very routine, right? a lot of times you play one side, another part plays another side. it's very routine. >> i'd be interested in engaging the conversation of this. i'm not sure what the value is taking
bernanke back for round two, and stephanie elam back. another rally today? >> sorry, kyra, i don't think we will get a repeat one. >> that was a sarcastic, laugh. hell no, kyra. >> yeah, pretty much. we will not see the same picture. but bernanke will deliver the same testimony today but this time before the senate banking committee. yesterday, investors were happy to hear they were going to keep key interest rates for a while longer. they raised the discount rate on what they charge to banks, and if that happened it could slow the recovery and it's a precarious time for the economy. investors jumped up and cheered ben bernanke after he said he was staying the course. and then the debt problems in greece may be getting worse. as i was saying, we are looking for triple digit losses out the gate. and that's what we have. the dow off 137 points. and so no, as i was saying, no, not another rally, at least not to start. >> gosh, okay. shut me down. thank you, steph. definitive. there we go. let's move on. >>> hummer goes the way of pontiac, and stud baker. the deal to sell the brand to a chinese
, it by them. >> thank you. chairman bernanke, i think chairman frank mentioned the deficit in passing and the debt. that is what i want to ask you about. that is the elephant in the room. we have reduced our debt is going to double in the next five years, a triple in the next 10 years. it is fueled by historic deficits. i heard this morning on television that we have many cases across the united states and children and adults that are walking out on thin ice. they walked out day after day and they get some comfort and nothing happens. the thin ice is dangers. i submit that this type of budget half is a dangerous. i would ask you -- i do not believe that our present budget passed is sustainable. my first question, it is our budget path sustainable? secondly, is there a need for the congress to come up with a concrete plan to change p that the toath? do you believe there is urgency in that? >> you asked about sustainability. you are talking of the medium term charge of a deficit that remains after the economy has returned to normal levels of activity. estimates of the sexual deficit ran
. there's been a huge decline in our confidence of the future, and ben bernanke has painted a grim picture of the economy for the rest of this year. you put it all together, you have a jobless and very weak economic recovery, bill. bill: here's what you guys talk about on the fox business network, and everybody, they write about it in the "wall street journal," about a double-dip recession. how do we know if that's true, if it's happening, or are the pieces adding up, like the jobs number today and the home sales number you talked about yet thato yesterday that came out for neb? >> we're all looking at future, what's the economy going to look like in six months. it looked like we were progressing nicely through 2010 with a solid rate of growth, now we're negative on how the company will perform in the summer and fall of this year. i don't say we're going to get a double-dip recession but we're not going to get the robust 3 percent and 4 percent growth people hope for. we might go up in the spring and then down a little bit as we get into the summer and fall. not good. bill: stu, thank you,
yesterday. fed chairman ben bernanke testifying again today on the hill. this time the senate banking committee. we got economic numbers today. we start with the good. the durable goods orders rose in nuary thanks in part to aircraft orders. the gain was the biggest since last july. first time claims for unemployment benefits jumped by 22,000 last week. not a number we want to see jump to 496,000. labor department says the weather that shut down government offices, as you well know, may have been partly to blame. if that's the case, we'll see how this week turns out, too. and akio toyoda was choking back tears after receiving standing ovation at a rally with dealers and employees on wednesday. toyoda was grilled by lawmakers for more than three hours. he says toyota's top management will include a nonjapanese person. he is criticized for not having other nationality on the board. he was asked by an assembly line worker when the company can do to restore the public's trust. responding in english, he said, let's make a better car. and general motors will shut down hummer after they a de
-span, federal reserve chairman ben bernanke testifies on capitol hill. president obama discusses his economic policies at a meeting with the u.s. business roundtable. and toyota executives testify at a hearing about their company's recalls. on tomorrow's "washington journal," we will preview health care summit with members of congress, including michael burgess of texas, diana degette, james clyburn, and bill cassidy. james clyburn -- julie rovner as well. >> live on thursday, day-long coverage of the health care summit. live from blair house, it will also include your reactions on c-span radio and c-span.org. >> now, federal reserve chairman ben bernanke. he told congress that the federal reserve will maintain low interest rates to help preserve the economy. this is about an hour. >> chairman frank, ranking member baucus, and other members of the committee, i am pleased to present the federal reserve's semiannual monetary policy report to the congress. i will begin with outlook -- comments on the outlook of the economy and for monetary policy. although the recession officially began more tha
in three months and just a hair under 100 million. bernanke said yesterday that the job market remains weak even though the economy is recovering. there is some good economic news. everything from washing machines to airplanes jump 3d% in january and the second monthly increase in a row. >>> coca-cola is changing the way it does business. spending more than $12 million to buy the large bottler. from using independent bottlers to controlling the process. pepsi has recently moved in that direction, as well. >>> get this, a relative of burr nad madoff is changing her name. she is married to buernie's son mark. she filed court papers for herself and her two kids to drop the madoff name. she probably doesn't want that out there, robben . >> she just wants to leave the name alone. >> completely. she's still married. it's not that. it's just the name. >>> a teacher danceoff sounded like kind of a fun idea for a pep rally until it became a lap dance dance off. >>> one of the most taulked abot people at the olympics may be heading home. >>> if you're running late, you must not have signed up for my
's news, chairman of the federal reserve, ben bernanke, says there is a risk for high interest rates and high inflation. borrowing from china and buying huge amounts of oil from opec and we have to realize we have a mess in our hands but there is a solution. we can create jobs and grow our economy without raising taxes. it's a bipartisan american conservation and clean energy independence act, h.r. 2227. this bill uses the trillions of dollars from oil and gas exploration off or coasts, drive conservation and new technologies to improve energy efficiency, develop clean energy generation and infrastructure, rebuild america's independent transportation system and clean our air and water. and not only will we create a clean energy future but create good-paying jobs for years to come. the news tells us how they are but that's not how it has to be. join me in supporting the clean energy and conservation act. i yield back. the speaker pro tempore: the gentleman yields back the balance of his time. for what purpose does the gentleman rise? >> to address the house for one minute and to revis
and country and dodge grand caravan vehicles. >>> well, fed chairman ben bernanke told congress wednesday that interest rates will remain low to support continued economic growth. >>> and the house is now set to vote on a jobs bill after the full senate passed the $15 billion measure on wednesday. >>> and just today after being released from a washington, d.c., hospital after suffering a heart attack, former vice president dick cheney is having coffee today with his former boss, president george w. bush. it is the first time the two have seen each other since they left office. >>> and a close call this week for an officer in michigan who was on the side of the road with a driver when another car came barreling towards him. he managed to jump to avoid being pinned, and amazingly, suffered only minor injuries. it is 7:15. let's head back now to matt, meredith, ann and al. >> things will be fairly quiet for the rest of the day. a little coating of snow in some areas lost i did not just off and on a snow showers and flurries. of the west as cloudy and >>> and that's your latest weather. matt?
bernanke is not sitting next to me but yesterday, he delivered grim news about the nation's unemployment to congress. and our old buddy stuart varney is joining us right now. watched his testimony. it was scary when he was talking about the debt we're running up. but also the fact that unemployment is going to remain high for a while. >> if you listened carefully it was a pretty grim outlook for the u.s. economy. >> it was. >> he spelled it out. this is a very weak recovery and a jobless recovery to boot. you won't get back down to even 7 1/2% unemployment for a couple of years. the end of 2012. a jobless, weak recovery. not good. >> he's not raising interest rates. and that made -- >> the stock market looks to lower interest rates. that's basically it. if you keep interest rates way, way down, markets love it. >> what that said to me when he made the comments is people sitting in the obama administration will say well, that's our green light for more stimulus plan. > >> well, it's also a signal that the first stimulus plan all $862 billion worth of it did not work as advertised. proof
, some news today. federal reserve chairman ben bernanke told the senate banking committee today and his second day of testimony on capitol hill this week that interest rates will have to stay low for a lengthy period to counter a weak job market. the u.s. central bank chief prepared remarks were virtually identical to those delivered yesterday to the house financial services committee. and cheaper nike also told lawmakers that goldman sachs and other wall street firms may be looking into a sophisticated instrument investment instrument to make bets that greece will default on its debts. also about the healthcare summit which you can see live on c-span3 and c-span.org, a story from yahoo news saying that a consensus on how to rein in spiraling healthcare costs seem to be emerging as president obama some that the president agreed with assertions by oklahoma republican senator tom coburn that abuse them out account up to a third of the cost of a time of programs like medicare and medicaid. and is a major barrier to worldwide insurance coverage. senator coburn said that the cost is the chie
benjumped 91 points, the bernanke cold congress that though the stimulus package created jobs the unemployment rate is near 10% and job openings scarce. a particular concern because of its long-term implications for workers skills and wages is the increasing insissence of long-term unemployment. >> reporter: interest rates will stay at record low levels for the next several months because recovery from recession is expected to remain slow. the senate has passed a $15 billion job creation bill that would give tax breaks to companies that hire the unemployment and will fund infrastructure projects. 70 senators including 13 republicans voted for the bill which moves to the house. the general motors is pulling the plug on its hummer brand. the automaker was unable to complete the sale to a chinese company. it now plans to wind down operations but will still honor warranties, and provide service and spare parts to hummer owners. i'm matt cherry. >>> coming up republicans want to start from scratch on healthcare. how president obama and democrats hope to still pass the bill despite
today. >>> meantime, making headlines in the business world, fed chief ben bernanke back on capitol hill telling the senate committee that the central bank is looking into whether u.s. you banks worsened greece's debt crisis. some u.s. banks are said to use complicated currency swap to help greece understate the debt problems betting thalt country would default on its debt. coming up tomorrow, friday on wall street, we'll get key reports, consumer sentiment, existing home sales, also a revised reading on fourth quarter gdp, the final day of the trading week. >>> a lot of questions today about why a killer whale at seaworld turned on its trainer. next jane velez-mitchell host of "issues" will give her take on this tragic incident. don't go anywhere. >>> 40-year-old dawn brancheau was one of the most experienced trainers at orlando seaworld. her death is a shock to her co-workers and park visitors who saw this happen yesterday. a killer whale named tilikum dragged her under water at the end of a performance in the shamu stadium. audience members said, at first it just seemed like it was pa
. the ayes have it. the motion is agreed to. accordingly the house stands >> ben bernanke testifies about the economy and monetary policy. now, secretary lahood. this part of the hearing is 50 minutes. >> let me just raise a couple of questions with you very quickly. the committee has reviewed thousands of complaints regarding sudden acceleration in the toyota vehicles. before the crash thatñossÑçkçñar membersÑiñr of at( family in aut "tsjutÑ. ñrmy questionÑi is, why did it e jjtxdñrÑi to act? &Ñignz+:çóx@%ylñx].sÑiñr why did it take them so long to act? >> mr. chairman, i would say this. i have been in the job more than a year. prior to my time which would have been prior to january 23rd of '09, if there issues i can't answer, i will get back to you for the record. i will tell you this, 30,000 complaints come to nh tsa every year and we look at every one of them. we think every one is important. some come from people who are driving cars and some come from the industry. we look at what's going on from stakeholders and people in the automobile business. sometimes they f
Search Results 0 to 41 of about 42 (some duplicates have been removed)